Plug Power Company Profile (NASDAQ:PLUG)

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Plug Power, Inc. (NASDAQ:PLUG) posted its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.07) by $0.03. The business earned $22.60 million during the quarter, compared to analysts' expectations of $28.58 million. Plug Power had a negative net margin of 112.95% and a negative return on equity of 86.35%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. View Plug Power's Earnings History.

Plug Power is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Plug Power.

6 brokerages have issued twelve-month price objectives for Plug Power's shares. Their predictions range from $1.30 to $4.00. On average, they anticipate Plug Power's stock price to reach $2.88 in the next twelve months. View Analyst Ratings for Plug Power.

Here are some recent quotes from research analysts about Plug Power stock:

• 1. According to Zacks Investment Research, "Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America's largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. " (8/12/2017)
• 2. FBR & Co analysts commented, " On Friday, February 24, PLUG held its annual outlook call, announcing in-line preliminary 4Q16 results and 2017 guidance. Our key takeaways are as follows: (1) PLUG slightly beat its 2016 goal with ~4,010 GenDrive units deployed; (2) it posted solid 4Q16 order bookings of $110M with 90% from the U.S., a positive in light of the ITC expiration; (3) 2017 revenue was guided to $130M, up 50% YOY, but we expect a back-half-loaded year, similar to 2016; (4) 2017 bookings are up 18% YOY at $325M, and ~75% of revenue guidance, or $100M, is in contracted backlog; (5) 2017 gross margins of 8%'12% are in line with our expectations of 10.1%; (6) China has the potential to become a significant revenue contributor as PLUG develops its infrastructure and local relationships, although we expect modest revenue contribution in 2017; and (7) management anticipates reaching operating breakeven in 4Q17, although we do not forecast that occurring. Despite the tilt toward a back-half-loaded year, we are encouraged by the continued growth in Plug's core business, improving revenue visibility, and a line of sight toward operating profitability." (2/27/2017)

Plug Power saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 42,195,922 shares, an increase of 0.8% from the August 15th total of 41,863,188 shares. Based on an average daily trading volume, of 2,058,814 shares, the short-interest ratio is presently 20.5 days. Currently, 19.0% of the shares of the company are short sold.

Some companies that are related to Plug Power include Manitowoc Company, Inc. (The) (MTW), Quad Graphics (QUAD), ScanSource (SCSC), Kadant (KAI), Constellium N.V. (CSTM), General Cable Corporation (BGC), Lindsay Corporation (LNN), Briggs & Stratton Corporation (BGG), Encore Wire Corporation (WIRE), H&E Equipment Services (HEES), CIRCOR International (CIR), Columbus McKinnon Corporation (CMCO), Fairmount Santrol Holdings (FMSA), NN (NNBR), Ituran Location and Control (ITRN), Casella Waste Systems (CWST), TPI Composites (TPIC) and Global Brass and Copper Holdings (BRSS).

Plug Power's management team includes the folowing people:

• George C. McNamee, Chairman of the Board
• Andrew J Marsh, President, Chief Executive Officer, Director
• Paul B. Middleton, Senior Vice President and Chief Financial Officer
• Keith C Schmid, Chief Operating Officer and Senior Vice President
• Gerard L. Conway Jr., Senior Vice President, General Counsel, Corporate Secretary
• Martin Daniel Hull, Chief Accounting Officer, Corporate Controller
• Jose Luis Crespo, Vice President - Global Sales
• Gregory B. Graves, Director
• Lucas P. Schneider, Director
• Maureen O. Helmer, Independent Director

Plug Power's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.67%), State Street Corp (1.67%), Northern Trust Corp (1.27%), Schwab Charles Investment Management Inc. (0.54%), Bank of New York Mellon Corp (0.42%) and TIAA CREF Investment Management LLC (0.38%). Company insiders that own Plug Power stock include George C Mcnamee, Liquide Investissements D' Air and Maureen O Helmer. View Institutional Ownership Trends for Plug Power.

Plug Power's stock was sold by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC and IFC Holdings Incorporated FL. View Insider Buying and Selling for Plug Power.

Plug Power's stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Northern Trust Corp, State Street Corp, Schwab Charles Investment Management Inc., EAM Investors LLC, Teachers Advisors LLC, ARK Investment Management LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Plug Power.

Shares of Plug Power can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Plug Power stock can currently be purchased for approximately $2.41.